About Mobeewave
Mobeewave is a Financial Services company based in Montreal (Canada) founded in 2012, and was acquired by Apple in July 2020. Contactless mobile payment acceptance solution. Mobeewave has raised $41.72 million across 3 funding rounds from investors including Apple, Mastercard and Samsung Venture Investment. Its focus areas include FinTech, Payments, Business Payments and POS Payments.
Company details
Mobeewave is a provider of dongle-free NFC mobile payment terminal solutions enabling payment acceptance on smart devices. This technology turns any NFC-enabled phone (or other smart device) into a secure, contactless payment terminal (mobile POS) to receive payments from ApplePay, contactless cards, or any NFC wallets without the use of any additional hardware.The company launched its own consumer-facing app called PayMeTap in 2016.
- Headquarters Montreal, Canada
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website mobeewave.com
- Social LinkedIn X Facebook
- Acquired by Apple (Jul 2020)
Funding Insights of Mobeewave
Mobeewave has successfully raised a total of $41.72M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in January 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $41.72M
- Total Rounds 3
- Last Round Series B — $20M
- First Round $5.22M
(Feb 2015)
- Investors Count 7
All 3 funding rounds of Mobeewave with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2019 | $20M | Series B | – | Samsung Venture Investment, Mastercard | – |
| Nov 2018 | $16.5M | Series B | – | NewAlpha Asset Management, Forestay Capital | |
| Feb 2015 | $5.22M | Series A | – | Fort Ross Ventures | – |
8 investors in total: 8 institutional.
Investors in Mobeewave
Mobeewave has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Apple, Mastercard and Samsung Venture Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in promising startups. | 1999 | samsungventure.co.kr | Seocho, South Korea | |
New Alpha Asset Management is engaged in portfolio management and investment solutions. | 2005 | newalpha.com | Paris, France | |
Venture capital is invested in software and data-driven startups. | forestaycapital.com | Geneva, Switzerland | ||
Venture capital is provided to mid and growth-stage startups. | fortross.vc | Menlo Park, United States | ||
Sector-agnostic startups are accelerated by Mastercard Start Path. | startpath.mastercard.com | Purchase, United States | ||
Global payments are processed via card network connections. | 1966 | mastercard.com | Purchase, United States | |
Investment banking services including mergers and acquisitions, private placements, and strategic advisory in the finance sector. | oakland-partners.com | |||
Consumer electronics, computers, and software are designed and sold worldwide. | 1976 | apple.com | Cupertino, United States |
Investor details for Mobeewave
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Timeline of Mobeewave
4 dated milestones of Mobeewave across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Mobeewave is founded.
- Funding First funding round of $5.2M.
- Funding Latest funding round, Series B, of $20.0M.
- Exit Acquired by Apple.
Web traffic of Mobeewave
Websites that share an audience with Mobeewave (mobeewave.com).
Websites whose visitors overlap most with Mobeewave. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| startupbootcamp.org | 100% | #666,221 | View details |
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Frequently Asked Questions about Mobeewave
Mobeewave was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Mobeewave is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Mobeewave is a funded company, having raised a total of $41.72M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.22M, raised on Feb 2015.
Mobeewave is a provider of dongle-free NFC mobile payment terminal solutions enabling payment acceptance on smart devices. This technology turns any NFC-enabled phone (or other smart device) into a secure, contactless payment terminal (mobile POS) to receive payments from ApplePay, contactless cards, or any NFC wallets without the use of any additional hardware.The company launched its own consumer-facing app called PayMeTap in 2016.
Mobeewave has 8 investors. Key investors include Apple, Mastercard, Samsung Venture Investment, New Alpha Asset Management, and Forestay Capital.
Yes. Mobeewave was acquired by Apple in July 2020.